Input Cost Notes

Raw Material Cost Information Sources

Thermal coal, iron ore and natural gas data reproduced with thanks and permission from the International Monetary Fund. Electricity figures are provided with thanks from the Energy Information Administration (EIA) of the US Department of Energy: www.eia.doe.gov. Letter 'e' against any figure above indicates
Steelonthenet.com estimate.

Commodity Definitions

Thermal coal is Australian, 1200 btu/pound, less than 1% sulfur 14% ash, fob Newcastle/Port Kembla. This data is expressed in US $/metric tonne. Natural gas is Russian origin - border price in Germany expressed in US $ per million metric British Thermal Units. Electricity figures are average monthly US costs for industrial consumers. Units are cents per kilowatt hour.

Other economic and related cost assessments

To estimate the effect of a change in value of a main steelmaking commodity (scrap, ore, other steel raw materials, energy, or labour) on the production cost of any steel product made through BOF or EAF steelmaking, please contact our steel cost modellingeconomists.